Analysts Set Expectations for Brunswick Corporation’s Q4 2017 Earnings (BC)
Brunswick Corporation (NYSE:BC) – Equities research analysts at Forward View lifted their Q4 2017 earnings per share (EPS) estimates for Brunswick Corporation in a note issued to investors on Monday. Forward View analyst N. Yates now anticipates that the company will post earnings of $0.81 per share for the quarter, up from their previous forecast of $0.78. Forward View currently has a “Hold” rating on the stock. Forward View also issued estimates for Brunswick Corporation’s Q2 2018 earnings at $1.50 EPS and FY2018 earnings at $4.36 EPS.
Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus lifted their price objective on Brunswick Corporation from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, July 14th. BMO Capital Markets reissued a “buy” rating and issued a $72.00 target price on shares of Brunswick Corporation in a research report on Thursday, July 13th. Royal Bank Of Canada reissued a “buy” rating and issued a $65.00 target price on shares of Brunswick Corporation in a research report on Wednesday, July 12th. B. Riley reissued a “buy” rating and issued a $70.00 target price on shares of Brunswick Corporation in a research report on Friday, July 28th. Finally, BidaskClub lowered Brunswick Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $63.29.
Shares of Brunswick Corporation (NYSE:BC) opened at 50.14 on Tuesday. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 15.91 and a beta of 1.85. Brunswick Corporation has a 12-month low of $42.02 and a 12-month high of $63.82. The firm’s 50-day moving average price is $55.65 and its 200 day moving average price is $57.06.
Brunswick Corporation (NYSE:BC) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.09). Brunswick Corporation had a net margin of 5.93% and a return on equity of 22.71%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the firm posted $0.91 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 21st will be paid a dividend of $0.19 per share. This is an increase from Brunswick Corporation’s previous quarterly dividend of $0.17. The ex-dividend date is Monday, November 20th. This represents a $0.76 annualized dividend and a yield of 1.52%. Brunswick Corporation’s payout ratio is 21.29%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Somerset Trust Co increased its stake in Brunswick Corporation by 0.4% during the 2nd quarter. Somerset Trust Co now owns 9,309 shares of the company’s stock worth $584,000 after buying an additional 39 shares during the period. Aspen Investment Management Inc increased its stake in Brunswick Corporation by 0.9% during the 2nd quarter. Aspen Investment Management Inc now owns 5,420 shares of the company’s stock worth $340,000 after buying an additional 50 shares during the period. Advisor Group Inc. increased its stake in Brunswick Corporation by 2.7% during the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock worth $202,000 after buying an additional 87 shares during the period. Teacher Retirement System of Texas increased its stake in Brunswick Corporation by 1.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 7,180 shares of the company’s stock worth $450,000 after buying an additional 98 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in Brunswick Corporation by 2.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,536 shares of the company’s stock worth $285,000 after buying an additional 106 shares during the period. 93.65% of the stock is currently owned by hedge funds and other institutional investors.
About Brunswick Corporation
Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.
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